Cost of Living Comparison Between Belize and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 2.2% higher than in Belize (excluding rent) | |
| Cost of Living Including Rent in Panama is 21.5% higher than in Belize | |
| Rent Prices in Panama are 122.6% higher than in Belize | |
| Restaurant Prices in Panama are 14.6% higher than in Belize | |
| Groceries Prices in Panama are 2.4% higher than in Belize | |
| Local Purchasing Power in Panama is 37.5% lower than in Belize | |
Restaurants | Belize Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 8.94 $ | 10.00 $ | +11.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 33.50 $ | 50.00 $ | +49.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 7.50 $ | 7.49 $ | -0.1 % |
| Domestic Beer (1 pint draught) | 2.50 $ | 2.00 $ | -20.0 % |
| Imported Beer (12 oz small bottle) | 4.00 $ | 3.50 $ | -12.5 % |
| Cappuccino (regular) | 3.49 $ | 3.47 $ | -0.6 % |
| Coke/Pepsi (12 oz small bottle) | 1.26 $ | 1.48 $ | +17.6 % |
| Water (12 oz small bottle) | 1.24 $ | 1.22 $ | -1.6 % |
Markets | Belize Edit |
Panama Edit | |
| Milk (regular), (1 gallon) | 10.95 $ | 6.85 $ | -37.4 % |
| Loaf of Fresh White Bread (1 lb) | 1.29 $ | 2.21 $ | +71.0 % |
| Rice (white), (1 lb) | 1.20 $ | 1.04 $ | -13.0 % |
| Eggs (regular) (12) | 2.41 $ | 2.67 $ | +10.5 % |
| Local Cheese (1 lb) | 4.11 $ | 5.31 $ | +29.1 % |
| Chicken Fillets (1 lb) | 2.83 $ | 3.29 $ | +16.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 3.19 $ | 4.08 $ | +27.8 % |
| Apples (1 lb) | 2.60 $ | 1.83 $ | -29.6 % |
| Banana (1 lb) | 0.51 $ | 0.60 $ | +18.0 % |
| Oranges (1 lb) | 0.77 $ | 1.27 $ | +64.8 % |
| Tomato (1 lb) | 1.42 $ | 1.33 $ | -6.2 % |
| Potato (1 lb) | 1.34 $ | 0.95 $ | -28.9 % |
| Onion (1 lb) | 1.12 $ | 1.05 $ | -6.8 % |
| Lettuce (1 head) | 2.73 $ | 2.08 $ | -23.9 % |
| Water (1.5 liter bottle) | 1.18 $ | 1.56 $ | +31.5 % |
| Bottle of Wine (Mid-Range) | 15.00 $ | 10.00 $ | -33.3 % |
| Domestic Beer (0.5 liter bottle) | 2.04 $ | 1.20 $ | -41.0 % |
| Imported Beer (12 oz small bottle) | 2.74 $ | 2.15 $ | -21.7 % |
| Cigarettes 20 Pack (Marlboro) | 4.75 $ | 5.92 $ | +24.7 % |
Transportation | Belize Edit |
Panama Edit | |
| One-way Ticket (Local Transport) | 2.00 $ | 0.55 $ | -72.5 % |
| Monthly Pass (Regular Price) | 21.20 $ | 25.00 $ | +17.9 % |
| Taxi Start (Normal Tariff) | 3.48 $ | 2.00 $ | -42.6 % |
| Taxi 1 mile (Normal Tariff) | 6.43 $ | 3.22 $ | -49.9 % |
| Taxi 1hour Waiting (Normal Tariff) | 9.95 $ | 21.00 $ | +111.0 % |
| Gasoline (1 gallon) | 6.92 $ | 3.50 $ | -49.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 10,528.06 $ | 20,000.00 $ | +90.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 21,029.12 $ | 21,464.58 $ | +2.1 % |
Utilities (Monthly) | Belize Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 131.40 $ | 109.00 $ | -17.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 49.69 $ | 29.47 $ | -40.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 55.91 $ | 48.89 $ | -12.5 % |
Sports And Leisure | Belize Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 34.95 $ | 52.30 $ | +49.6 % |
| Tennis Court Rent (1 Hour on Weekend) | 6.33 $ | 35.71 $ | +464.6 % |
| Cinema, International Release, 1 Seat | 10.34 $ | 7.00 $ | -32.3 % |
Childcare | Belize Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 64.52 $ | 446.67 $ | +592.3 % |
| International Primary School, Yearly for 1 Child | 674.20 $ | 10,425.00 $ | +1,446.3 % |
Clothing And Shoes | Belize Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 36.86 $ | 48.21 $ | +30.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 26.79 $ | 41.15 $ | +53.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 85.70 $ | 83.67 $ | -2.4 % |
| 1 Pair of Men Leather Business Shoes | 70.16 $ | 110.45 $ | +57.4 % |
Rent Per Month | Belize Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre | 416.58 $ | 914.84 $ | +119.6 % |
| Apartment (1 bedroom) Outside of Centre | 356.02 $ | 698.62 $ | +96.2 % |
| Apartment (3 bedrooms) in City Centre | 683.51 $ | 1,778.87 $ | +160.3 % |
| Apartment (3 bedrooms) Outside of Centre | 676.96 $ | 1,355.77 $ | +100.3 % |
Buy Apartment Price | Belize Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 134.29 $ | 193.28 $ | +43.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 128.50 $ | 143.56 $ | +11.7 % |
Salaries And Financing | Belize Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) | 1,088.38 $ | 826.28 $ | -24.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 13.83 | 6.30 | -54.5 % |
| Last update: | 30 April 2025 | 22 May 2025 | |
| Contributors in the past 12 months: | 26 | 94 |
Moving to Belize? Explore:
Moving to Panama? Explore: